Best ECN Broker for News Trading – 2023 Ranked & Reviewed Selecting an ECN broker presents a unique but incredibly rewarding challenge, if done right. An ECN broker utilizes an Electronic Communications Network to match buy and sell orders in the global forex (foreign exchange) or stock markets without a third party. In other words, a highly advanced, computerized, matchmaking system. To get more news about wikifx, you can visit wikifx.com official website. ECN brokers enable trading to occur outside traditional trading hours. Active traders utilize ECNs for “news trading”, as they retain the ability to react to global news alerts at any time. The best ECN brokers for news trading facilitate daily trading, and also include the following characteristics: Yet the truly best ECN broker for news trading will have all of the above, and more, to suit a global portfolio and a global trader. Forex or after-hours trading can feel daunting with several uncertainties in an extremely volatile asset class, but the right broker cuts away those concerns instantly. With news trading, you should have what the investing world calls a “full-service broker.” Alongside providing basic access to global markets, they provide a number of other perks, such as advice, research, and foreign market access. ECN brokers by default should have access to foreign currencies and international markets. Interactive Brokers (IBKR) leads the industry as the most trusted broker available with a global, 24/7 reach. For this reason it earns first place in our list on the best ECN broker for news trading. Founded in 1978, its track record spans over 40 years and through several financial crises. It’s known for offering virtually every product a beginner or an advanced trader might want, alongside mobile apps tailored to experience level. In particular, its new app IBKR GlobalTrader feels incredible with its ease-of-use and breadth of features. IBKR is primarily a “one-stop-shop” broker for the globe, meaning it offers after-hours trading, in addition to currency trading with the added advantage of exceptionally low interbank quotes. Over 100 currency pairs are available, with bid-ask spreads averaging 0.08 to 0.20 basis points (1/100 of 1%). IBKR’s minimum deposit is zero, regardless of currency. Interactive Brokers Group remains one of the most trustworthy names in the business and is publicly listed on NASDAQ. In addition, the broker is regulated by several leading financial authorities. Please check out our in-depth IBKR review to find out more one why we consider IBKR to be the world’s best ECN broker for news trading. For our runner-up, Saxo Bank takes the spot with flying colors. The research-oriented broker touts a track record of 30 years and through multiple financial crises. In addition, Saxo offers a premium feel and design to be desired by active traders utilizing ECN brokers. Founded in 1992, it provides a solid product range (forex included), an incredible trading platform, leading research reports, and low forex and fund fees. It provides major forex pairs at 0.60 basis points with leading liquidity and execution. Its mobile app, SaxoTraderGO, provides trading alerts and access to over 190 currency pairs. But, there are some points to consider: the minimum deposit is higher than the usual $0 at $10, forex margin rates start 3.33% for most Saxo clients, inactivity fees apply, and stock trading fees are also high. Saxo is not a discount broker. Instead, it focuses on providing a tech-heavy trading platform alongside in-depth research. Alongside SaxoTraderGO, it features two other platforms: SaxoInvestor and SaxoTraderPRO. The former represents the “light” choice suiting most casual traders or investors, while PRO provides the necessary trading tools, technical indicators, and alerts for those who trade at all hours.